Press Release

hynix Semiconductor Inc. Reports Fiscal Year 2011 and Fourth Quarter Results

By February 2, 2012 December 7th, 2020 No Comments

The financial information of the earnings in this press release is written based on K-IFRS.

Seoul – February 2, 2012

hynix Semiconductor Inc. (‘hynix’ or ‘the Company’, today announced financial results for fiscal year 2011 and its fourth quarter ended December 31st, 2011.

Consolidated sales of fiscal year 2011 amounted to 10.4 trillion won decreased by 14% from 12.11 trillion won of 2010. Operating profit totaled 325 billion won decreased by 89% from 2.98 trillion won in 2010. Net loss for the year was 56 billion won. In spite of the challenging market condition, the Company continued the annual operating income record.

Fourth quarter sales totaled 2.55 trillion won, which is an 11% increase quarter-on quarter, and 7% decline year over year. During the quarter, disruptions due to the Thailand floods and weak PC demand continued difficult DRAM market conditions.

However, the increase of finer process technology production and yield improvement contributed sequential DRAM and NAND Flash bit shipments growth of 30%, 24% respectively in the fourth quarter. Response to the solid mobile and server demands also resulted in the bit growth. The average selling price of DRAM and NAND Flash declined 19% and 17% respectively.

Operating loss of the fourth quarter was 167 billion won with an operating margin of negative 7%, which is an improvement from the previous quarter. Net loss was for the quarter was 240 billion won, which is an improvement from the third quarter.

FY2011 Earnings

Consolidated BasisUnit : Billion KRW

2011 2010 YoY
Revenue 10,396 12,106 -14%
Operating Profit 325 2,975 -89%
Operating Profit Margint 3% 25% -22%p
Net Income -56 2,598 N/A

※ The financial information of the earnings is written based on K-IFRS.

FY2011 Q4 Earnings

Consolidated BasisUnit : Billion KRW

2012 Q1 2011 Q4 QoQ 2011 Q1 YoY
Revenue 2,553 2,291 11% 2,751 -7%
Operating Profit -167 -277 39% 294 N/A
Operating Profit Margint -7% -12% 5%p 11% -18%p
Net Income -240 -563 57% 30 N/A

※ The financial information of the earnings is written based on K-IFRS.

Please note that the financial results discussed herein are preliminary and speak only as of December 31, 2011. Readers should not assume that this information remains operative at a later time. In addition, this information may include forward-looking statements that involve a variety of risks and uncertainties that could cause actual results to differ materially. For further discussion of these risks and uncertainties, readers should refer to hynix Semiconductor Inc.’s filings with the Korea Exchange. This document is neither an offer to sell nor a solicitation of an offer to sell any security of hynix.

About hynix Semiconductor Inc.

hynix Semiconductor Inc. (HSI) of Icheon, Korea, is the world’s top tier memory semiconductor supplier offering Dynamic Random Access Memory chips (“DRAMs”) , Flash memory chips (“NAND Flash”) and CMOS Image Sensor (“CIS”) for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about hynix is available at



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SK hynix Inc.
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Seong-Ae Park
Phone: +82.2.3459.5325
Fax: +82.2.3459.5333